ShareSoc News

UKSA and ShareSoc Submission to Labour Party Review of Financial Services

  UKSA and ShareSoc have made the attached submission to the Labour Party’s review, highlighting the issues with the current financial services market that most concern us. 

Woodford Campaign Update 15

An update following the court hearing on 18th and 19th January Justice Richards reserved his judgement on whether to Sanction the Link Scheme at the end of the Hearing on 18/19 January. It is now expected early in February. Initially, he plans to circulate a draft to those who were represented at the Scheme Hearing. Schemes of Arrangement (a mechanism generally used for insolvencies and mergers) are normally relatively straightforward with judgement announced on the day. The delay suggests that, at the very ...

2024 Macro Outlooks

New ShareSoc Investor Academy resources just for ShareSoc Full members A new resource hub for those interested in the bigger picture and how it might affect your investing strategy: includes a wide variety of downloadable Macro level financial and economic analysis, offering a wide array of perspectives and insights from leading financial entities and experts. It features a comprehensive list of links to PDFs and reports from various banks, asset managers, private equity firms and other financial institutions. Click here to access the ...

Digitisation Taskforce Interim Report follow up

ShareSoc and UKSA continue to work closely on the important issue of shareholder rights. We wrote to Sir Douglas Flint stressing our concerns with the Digitisation Taskforce Interim Report and requested to meet. Representatives from UKSA and ShareSoc met Sir Douglas on 11 December. Most attendees thought it was useful and Charles Henderson has written to Sir Douglas to confirm the key points of the meeting: Dear Sir Douglas Digitisation Taskforce Interim Report follow up Thank you for your recent meeting that enabled us (UKSA and ...

SIGnet Investors Network Launches New Group in Reading 

  SIGnet is excited to announce the launch of a new in-person Investors group based in Reading. All levels of investing experience are welcome to join. The convener of the new Reading group will be Jez Dyer. Jez has been an active investor for 20 years, and a member of the SIGnet Henley Group for the past 10 years. Jez also runs a project management consultancy. You are invited to the initial online launch meeting to hear more about the group, meet other investors, ...

Woodford Campaign Update 14

Vote outcome and Court Hearing 18 Jan 2024  OUTCOME OF SCHEME MEETING  A single meeting of Scheme Creditors (the Scheme Meeting) was held on 13 December 2023. Work is ongoing to verify the votes cast at the Scheme Meeting, however, provisional numbers are set out below.   Over 54,000 Scheme Creditors attended the Scheme Meeting in person, or by proxy. Of the Scheme Creditors who voted, approximately 93.7% in number, representing approximately 96.1% in value, voted in favour of the Scheme.  Of the three voting ...

Press Release 125: Defective Legislation Thwarts Europa Oil Shareholders

ShareSoc was recently approached by one of its members for assistance in the case of Europa Oil. Dr Erika Syba and others, who collectively own more than 5% of Europa’s shares, sought to requisition a general meeting of the company. The Companies Act stipulates that members of a company collectively owning more than 5% of its shares are entitled to requisition general meetings. Unfortunately, however, Erika’s shares are held in nominee accounts, like the vast majority of individual shareholders’ shares. Indeed, shares held ...

Platform Transfers

How to transfer investments from one platform to another Suppose that you’re unhappy with the service or costs of your current investment platform. Some platforms make it very difficult and time-consuming to transfer your investments. Here is some guidance to make it easier. Research You must do some planning and fact-finding before you start. This will help you avoid the pitfalls, delays and obstacles put in your way. You should expect the platform you have spurned to be disappointed to be losing you and ...

CPG – Compass Group plc Information and Vote Guidance 2024

AGM:  8th February 2024 Proxy deadline:  6th February 2024 ShareSoc provide this added value voting information service for Full Members only, providing background information on leading companies and AGM vote guidance. Below are links to the: 1. Stockopedia summary report. 2. Minerva Vote recommendations for the 8th February AGM based on their standard template. 3. Minerva detailed research report for the AGM. Summary of voting issues at this year’s AGM  The Minerva report highlights various issues and recommends voting against two of the resolutions. Readers should make their own voting ...

ABF – Associated British Foods plc Information and Vote Guidance 2023

AGM:  8 December 2023 Proxy deadline:  6 December 2023 ShareSoc provide this added value voting information service for Full Members only, providing background information on leading companies and AGM vote guidance. Below are links to the: 1. Stockopedia summary report. 2. Minerva Vote recommendations for the 8 December AGM based on their standard template. 3. Minerva detailed research report for the AGM. Summary of voting issues at this year’s AGM  The Minerva report highlights various issues and recommends voting against two of the resolutions. Readers should make their own voting ...

Woodford Campaign Update 13

Link Scheme Voting Considerations URGENT: ACTION REQUIRED: VOTE NOW  THE “SCHEME” – WOODFORD EQUITY INCOME FUND COMPENSATION  The FCA has agreed a compensation approach using a Scheme of Arrangement which must now be voted on and approved by Creditors (relevant investors in Woodford Equity Income Fund). If approved, the Scheme must then be sanctioned by the High Court. The Scheme has been devised as a mechanism for Link to reach a final settlement with ALL WEIF Investors, regardless of whether they are involved in ...

SIGnet Investors Network Launches New Worcestershire Group 

  SIGnet is excited to announce the launch of a new in-person group based in Worcestershire. Investors of all levels of experience are welcome to join. The Convener for the Group will be Mike Kearney. Mike is a qualified and experienced Chartered Surveyor. After 25 years spent exclusively in property, he and his wife set up a consultancy in the Health/Social Care sector which they sold to a private-equity-backed concern 10 years later. For several years Mike has managed both a small family ...